DaimlerChrysler Looks to Cut Costs
At German and U.S. Headquarters

FRANKFURT -- DaimlerChrysler AG senior managers are studying ways to cut costs at the auto maker's two headquarters, aiming to approve a plan shortly after the summer.

A company official said its German-American board has directed senior managers to find ways to cut administrative costs at the company's headquarters in Stuttgart, Germany, and Auburn Hills, Mich. He said the study was part of a regular program to trim fat and followed projects intended to cut production costs, such as the "flexible manufacturing" plan...